Promising Bank Stocks To Follow Now – April 29th

Invesco QQQ, SoFi Technologies, and PayPal are the three Bank stocks to watch today, according to MarketBeat’s stock screener tool. Error: Response status code does not indicate success: 429 (Too Many Requests). These companies had the highest dollar trading volume of any Bank stocks within the last several days.

Invesco QQQ (QQQ)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Invesco QQQ stock traded up $1.10 during midday trading on Tuesday, reaching $473.51. The stock had a trading volume of 12,497,049 shares, compared to its average volume of 36,357,027. The firm’s fifty day simple moving average is $473.06 and its two-hundred day simple moving average is $499.98. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The firm has a market cap of $300.04 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

SoFi Technologies (SOFI)

SoFi Technologies, Inc. provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.

Shares of SoFi Technologies stock traded up $0.31 during trading on Tuesday, reaching $13.51. The company’s stock had a trading volume of 114,535,886 shares, compared to its average volume of 51,457,547. The business’s fifty day moving average price is $12.14 and its 200-day moving average price is $13.71. SoFi Technologies has a one year low of $6.01 and a one year high of $18.42. The firm has a market cap of $14.81 billion, a price-to-earnings ratio of 36.50, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

PayPal (PYPL)

PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.

Shares of PYPL stock traded up $1.21 during mid-day trading on Tuesday, reaching $66.14. The stock had a trading volume of 11,942,523 shares, compared to its average volume of 11,973,345. PayPal has a one year low of $55.85 and a one year high of $93.66. The firm has a market cap of $64.64 billion, a PE ratio of 16.49, a P/E/G ratio of 1.27 and a beta of 1.60. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm’s 50 day simple moving average is $66.49 and its 200 day simple moving average is $78.47.